Connect with us


The Philly Fed manufacturing index slips to 23.1 in February after a big jump the month before




Numbers: The The Philadelphia Federal Reserve said Thursday iThe gauge of regional commercial activity moderated in February after a strong gain the previous month. The federal government’s regional index of commercial activity fell to 23.1 from 26.5 the previous month. The index was much stronger than the 9.1 reading in December. Economists polled by the Wall Street Journal were expecting a reading of 19.2. Any reading above zero indicates expansion in manufacturing.

What happened: The overall Philly Fed index is based on a single independent question on trading conditions, unlike the National Institute of Supply Management’s manufacturing index, which is a component-based composite.

This month, the components were also weaker.

The new orders barometer slipped to 23.4 in February from 30 the previous month. The deliveries index fell slightly to 21.5 from 22.7 in January.

The six-month trade outlook measure fell to 39.5 from 52.8 the previous month.

Big picture: Earlier this week, a similar index released by the New York Fed rose from 3.5 to 12.1, the highest since July. Economists use the New York and Philadelphia regional indices to gauge the strength of the national ISM index, which slipped 1.8 points to 58.7 in January, manufacturers learned how to deal with the Covid pandemic -19 and the activity is booming. It was the service sector that was wiped out by the deadly virus.

Market reaction: U.S. stock index futures fell slightly on Thursday, after the Dow Jones Industrial Average DJIA,
saw his third straight record close in the previous day’s session.

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

picture credit


to request, modification Contact us at Here or [email protected]